Ledger Theft Funds Move Into USDD After Tether Freezes $10 Million

Funds linked to the Ledger theft cluster moved into USDD after Tether froze an estimated $10 million in related USDT, placing the transaction beyond Tether’s direct freeze controls.

Tron records show that 2 million USDT was converted through USDD’s stability module. The conversion moved the funds from Tether’s dollar-pegged token into USDD, a separate stablecoin operating on the Tron network.

The $10 million estimate covers the wider theft cluster, while the 2 million USDT conversion identifies a specific movement within that activity. The transaction shows how funds can move between stablecoins after an issuer blocks addresses holding its token.

The Ledger-related theft cluster remains the broader context for the fund movements. The on-chain activity centers on USDT and USDD, with the conversion taking place after the freezes tied to the cluster.